Meat Demand Claimed
To Be Driven By Fads
CHICAGO First it was "millenium
madness," then the notion that would-be millenium
revelers were buying up choice cuts to assure a supply
for their party needs. The latest explanation for the
healthy demand in red meat circles is a diet fad.
No one, it seems, is ready to concede that Americans
may finally be ready for real food after a couple of
decades of health scares.
A high-protein diet craze that orders up juicy slabs
of steak, pork chops and even bacon may be beefing up
meat prices on the wholesale market, contend so-called
"experts."
"Confirmed pasta eaters are now red meat
eaters," said Bill Plummer, a Chicago analyst among
the industry watchers who contend the nation's latest
diet fad is adding weight to prices on the sometimes
faltering wholesale market.
The high-protein diet promoted in such best sellers as
"Protein Power" and "Dr. Atkins' New Diet
Revolution" is billed as a way to fool the body's
metabolism by nixing carbohydrates and sugars in favor of
protein and fat.
Demand for beef is expected to increase 1.6 percent
this year over last year, according to data released
Friday by the National Cattlemen's Beef Association. And
demand for pork is already up 2.3 percent this year,
according to the National Pork Producers Council.
At the same time, prices are rising for meat and
livestock futures.
Live cattle futures on the Chicago Mercantile Exchange
are in the healthy 70-cents-a-pound range. Fresh pork
bellies have flirted with the 80-cents-a-pound mark,
surpassing even the traditionally pricier untrimmed pork
loins, though at least some of the rise is attributed to
the flooding in North Carolina that wiped out about
30,000 hogs.
"It's a real shock," says Dan Vaught, a
livestock analyst with A.G. Edwards & Sons in St.
Louis, who also believes the high-protein fad is helping
to bolster hog prices. The prices traditionally drop when
people put away their grills as summer ends, but they
don't seem to be doing so this year, he said.
Alisa Harrison, a spokeswoman for the National
Cattlemen's Beef Association, agreed that promotions for
high-protein diets aren't hurting the industry, but she
also points to improving economies that are able to buy
more meat, particularly in southeast Asia.
Dallas Hockman of the National Pork Producers Council
attributes the increased pork demand to "chicken
fatigue."
Analyst Michael Swinford of Rosenthal-Collins Inc. in
Chicago expects the diet fad will be short-lived,
especially since the American Dietetic Association
recently called high-protein diets "a
nightmare."
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